Upstate Minority Economic Alliance Inc

Nonprofit profile at a glance

EIN
811046358
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2021
Location
Syracuse, NY, USA
Phone
3154701975
Rating confidence
Limited
Sector
Business and Industry

Official website

Reported finances

Revenue
$87,190
Expenses
$195,521
Assets
$73,003
Liabilities
$81,643

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • SHEENA SOLOMON (PRESIDENT)
  • LAIZA SEMIDEY (DIRECTOR/ VICE PRESIDENT)
  • ME'SHAE BROOKS-ROLLING (EXECUTIVE DIRECTOR THRU JULY 2024)
  • JAMAR CLARKE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ME'SHAE BROOKS-ROLLING (EXECUTIVE DIRECTOR THRU JULY 2024): $57,755 total reported compensation
  • JAMAR CLARKE (EXECUTIVE DIRECTOR): $15,969 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to establish a small, cooperative community in upstate & central New York where the most driven individuals can network, acquire and share priceless talents, and develop both personally and professionally. As a result, we aim to contribute to the enormous unrealized potential of our region.

What it reported doing in 2024

The upstate minority economic alliance, inc. Is a not-for-profit organization whose primary purpose is to promote the general welfare and prosperity of upstate New York through enhanced minority economic opportunity; advance the civic, commercial, economic, industrial and agricultural interests of the minority business community in upstate New York; foster trade, commerce and economic activity in central upstate New York; promote; maintain and sustain economic progress for minority business enterprises in upstate New York; and sustain economic progress for minority business enterprises in upstate New York; and support entrepreneurship with programming and internships.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 14
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -124.2%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.37; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 1.12; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 37.7%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 9.4% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $58K · 14 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.